8/19 ANNUAL

201 REPORT Left to right: Cllr Mary Lanigan, Leader of and Cleveland Borough Council; Cllr Bob Cook, Leader of Stockton-on-Tees Borough Council; Andy Preston, Mayor of ; , Mayor; Cllr Shane Moore, Leader of Hartlepool Borough Council; Cllr Heather Scott, Leader of Darlington Borough Council Foreword INTRODUCTION In 2018-19 we have:

As Mayor, I am always striving to build on our previous Tees Valley was established in April 2016 with ■■ Invested more than £109million: successes to do more and go further in our plan to build a the aim of driving economic growth and increasing investment and high-growth, high-wage, low-welfare economy. job creation in the area. In 2017 Tees Valley elected its first Mayor, Ben ⊲⊲ Transport: £48.7million Houchen. Since our first annual report was published in 2018, we have ⊲⊲ Business Growth: £12.5million seen some major developments which will help us deliver The Combined Authority is a partnership of the five Local Authorities — ⊲⊲ Education, Employment on plans to transform the Tees Valley into a thriving and Darlington, Hartlepool, Middlesbrough, , Stockton- & Skills: £5.3million prosperous place to live, work, visit and do business. on-Tees – led by the Mayor, using powers devolved from Whitehall to work closely with our business community and partners to make local ⊲⊲ Research and Innovation: £16.6million In the 12 months contained in this report, we agreed a new decisions that support the growth of our economy. ten-year £588million Investment Plan which laid out key ⊲⊲ Culture: £4.6million funding priorities in the areas and sectors where it will make The Combined Authority in Tees Valley is unique amongst its peers the biggest impact. We have also begun work on our own Local in having a fully integrated Local Enterprise Partnership (LEP). The ⊲⊲ Enabling Infrastructure: £15.1million Industrial Strategy to help inform the Government’s UK-wide LEP works side-by-side with the Combined Authority and is equally Ben Houchen, and Chair of Tees Valley ⊲⊲ Place: £1.3million economic plans. Combined Authority responsible for the delivery of its objectives and implementation of its core documents to drive growth across the region. LEP Board members ⊲⊲ Project Development: £3.7million We have acquired new assets by bringing our local airport We are continuing to lead the way in demonstrating how are also Associate Members of the Combined Authority Cabinet and back into public ownership, with a joint venture partner, a new devolution can and should be done, with Government, Local therefore the core documents of the Combined Authority also represent ⊲⊲ SSI Schemes not in Investment Plan: brand in Teesside International Airport and a business plan that Authorities and private sector partners coming together to the LEP Delivery Plan for Tees Valley. £1.5million will turn its fortunes around for our residents and businesses. drive forward our ambitious aims. We have secured more than half of all developable land at the These include our Strategic Economic Plan, which aims to create ■■ Supported the creation of 3,051 new jobs South Tees Development Corporation site and set in motion Without the hard work of many individuals, groups, committees 25,000 new jobs and deliver an additional £2.8billion into the Tees through making or attracting investment into proceedings to secure the remaining land held by SSI in and partners inside and outside of the Combined Authority and Valley economy by 2026, and our emerging Local Industrial Strategy, the region receivership. Development Corporation, none of this would be possible. I’d which is an agreement between us and the Government on how we like to say thank you for their tireless efforts and dedication. will improve our economy over the next ten years and how this will In 2019-20 we plan to: A huge advantage in achieving this has been our fully feed into the Government’s overall UK strategy. integrated Local Enterprise Partnership, which allows us to From business to culture, transport to skills, there is huge ■■ Invest around £150million as we continue to work seamlessly with other LEPs from across the country, optimism for what the future holds for the Tees Valley. We’re a To help us achieve these aims, in January 2019, the Mayor and prioritise attracting inward investment and as well as involve the private sector directly in our decision- region on the up and, in this report, you will be able to see why. Combined Authority agreed a £588million Investment Plan which covers jobs to the region making processes. The LEP too has seen an increase in our funding commitments in six key themes that, when taken together, diversity in individuals and sectors, making for a more robust will give us an area we are proud to call home and that others want to ■■ Expand and develop our new assets at the and representative body for our business community. visit, invest and work in. These are transport; education, employment South Tees Development Corporation and and skills; business growth; culture and tourism; research, development Teesside International Airport and innovation; and investment in our towns and communities. ■■ Continue to talk up Tees Valley as a fantastic place to live, work, invest and visit Ben Houchen This Annual Report 2018-19 details our progress in meeting our aims Tees Valley Mayor over the previous financial year, and our top-line strategic priorities for the year to come.

2 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 3 Education, Employment and Skills Culture and Tourism

■■ Secured £29.5million Adult Education ■■ Hosted a series of high-profile music Budget (AEB) to take control of our skills and sporting events, including Radio provision as we work towards ensuring 1’s Big Weekend, Take That and the the region’s workforce has the skills that National Premier League Tennis finals our businesses need ■■ Delivered a successful bid to host a ■■ Launched Tees Valley Careers Hub to significant men’s group game and support Tees Valley schools with careers international men’s team during the education Rugby League World Cup 2021

■■ Launched a new TeesValleyCareers.com ■■ Promoted the area at cycle and walking website for education and business exhibitions in Holland and Belgium partners ■■ Issued more than a quarter of a million ■■ Education, Employment and Skills Tees Valley mini-guides to locations Partnership Board established for the within a two-hour drive of the region five education, employment and skills workstreams For more information on Culture and Tourism, see pages 14 & 15 ■■ Re-launched and expanded the Apprenticeship Support for Employers Business Growth grant to help support employers recruiting apprentices ■■ £2.2million of direct grant support for capital investment provided to For more information on Education, businesses during 2018, which will Employment and Skills, see pages 18 & 19 create and safeguard 528 jobs

■■ A pipeline of new private sector Transport investment of more than £3.9billion, with the potential to create and ■■ Brought Teesside International Airport safeguard more than 8,800 jobs back into public ownership, with a new brand, and secured new routes ■■ Since its launch in March 2017, the Northern Powerhouse Investment Fund ■■ Delivered a successful consultation on a (NPIF) has invested £6.9million in the New Tees Crossing which will help ease region The Year in Highlights congestion and journey times For more information on Business Growth ■■ Committed £45million towards see pages 10 & 11 transforming Darlington and Middlesbrough train stations to provide more regular and faster journeys across Research, Development and Tees Valley, better rail links nationally Innovation and improve passenger facilities ■■ Announced a clean gas project, ■■ Improvements to walking and cycling involving full-scale carbon capture, routes, including the opening of the utilisation and storage for Tees Valley £1million Parkgate pedestrian and cyclist bridge, linking Darlington Station with ■■ Leading the way for a hydrogen Central Park economy with £1.3million of Government funding awarded to help us bring ■■ Developing options to improve freight hydrogen refuelling stations and links to and from port facilities to help vehicles to the area businesses become more efficient ■■ Becoming an energy hub for the North For more information on Transport, see East, Yorkshire and Humberside pages 16 & 17 ■■ Driving our clean energy agenda by creating a local energy hub, reinforcing our status as the North East region’s go-to location for clean growth

For more information on Research, Development and Innovation, see pages 20 & 21

4 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 5 Investment Plan

In January 2019, Tees Valley Combined Authority published its ten-year Investment Plan 2019-2029, which sets out £588million of our priority investments. The Investment Plan is a result of collaborative working between the Combined Authority, the five Local Authorities and the LEP, ensuring that private-sector priorities are central to all of the projects and programmes that have been developed. Project commitments will be Transport: £256.7million Business Growth: £146.5million Culture & Tourism: £60million subject to the agreed Assurance Framework.

The Combined Authority has significantly accelerated delivery of the investment programme with £178million of ■■ £1.6million to support the development of FUJIFILM ■■ Taking control of the £29.5million Adult Education Budget investment made over the past four years, of which £109million of this has been delivered in the past 12 months Diosynth’s phase 1 Bio-campus at its site in Billingham. The (AEB) from 2019/20. Cabinet approved the strategic project will see an overall investment of £14.5million, which approach for implementation and the process for Cabinet has committed to a total of £339million of specific investments, including: will deliver 4,000sq m of new premises to accommodate allocating funding to providers to ensure readiness for approximately 300 staff with the creation of 50 new jobs implementation of the budget from August 2019 ■■ The £40million purchase of Teesside International Airport ■■ £20million each to Hartlepool Waterfront, Stockton working on manufacturing and business administration and 819 acres of land and Darlington Railway Heritage, Riverside Northshore ■■ A revised Tees Valley Assurance Framework was Development, making Middlesbrough the digital city and a ■■ £5.5million Innovation and Skills quarter in Hartlepool, agreed with Government. This sets out the governance ■■ The purchase of 1,420 acres of land on the South Tees scheme in Redcar and Cleveland including the new Northern School of Art, improvements to and decision-making processes for the Tees Valley Development Corporation site Church Street and Church Square (pictured) and the BIS – a Investment Fund and how investment proposals will be ■■ £4.2million towards the construction of the Elwick Bypass Education,Transport: £256.7millionEmployment BusinessResearch, Growth: Development £146.5million CulturePlace: £50million & Tourism: £60million andpurpose Skills: £55millionbuilt workspace for the creative industryand Innovation: £20millionconsidered, prioritised, approved, and delivered. The ■■ Transforming our rail network with £20million and in Hartlepool. This will form part of a wider funding assurance framework is a requirement of the devolution £25million respectively to support the strategic package to deliver improvements to the local road network deal to unlock the release of funds redevelopment of Middlesbrough and Darlington train and to ensure continued and sustainable growth of stations Hartlepool and improve traffic flow on the strategic road network ■■ £50million scheme to improve town centres, delivering projects that will have a local economic impact and ■■ £4.6million to support research and development on the improve the lives of Tees Valley residents manufacturing of new speciality alloy metal powders. This can be used in additive manufacturing for applications ■■ Construction completed on the National Horizons Centre like 3D printing engine parts. This will be hosted in the in Darlington. At £17.5million, this is one of our biggest Materials Processing Institute. The long-term vision is for investments, which will provide a centre for excellence an advanced manufacturing facility to be established in led by Teesside University, specialising in training and Tees Valley, which would see the creation of 70 high-value Education, Employment Research, Development Place: £50million education for the UK bioscience sector jobs and up to 185 indirect jobs created in the supply chain and Skills: £55million and Innovation: £20million

6 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 7 Talking Up Tees Valley

Tees Valley is going from strength to strength, attracting an ever-growing amount of media attention in the UK and also globally. The region is increasingly being seen as an area on the up – one that is bold and brave enough to bid for national and international business and events.

We have started our journey to successfully market Tees Valley’s potential far and wide, to promote its benefits and raise its profile as a tourist and investment destination in its own right. We have had some noticeable successes in the past year – not least hosting BBC Radio 1’s Big Weekend and a Take That concert, which collectively brought in more than £3million to the local economy and put it on a national and international stage. Events such as these are a first for our region: things are happening here and there is a growing momentum of positive change.

The Mayor, Combined Authority, the LEP and our partners all live and breathe Talking Up Tees Valley. An increasing number of businesses and influencers are adopting this narrative and mindset – to be positive and talk up just how good this region is and can be. This can be seen far and wide with major corporations embracing strategic terminology and branding, and spreading our message to national and international businesses.

We are all working hard to represent the needs and interests of the region to businesses and the community. It’s vital that the region sings with one voice and works together to promote this exceptional destination in which to invest, live, work, learn and visit.

Tees Valley is committed to showing to the world that we have the right people with the right skills, ready to take up home-grown and inward investment opportunities and work for big businesses that relocate here on the many regeneration projects and developments being delivered across the boroughs.

8 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 9 Business Growth

Businesses are crucial to our economy and, as such, we aim to ensure that they get the support that they need to set up, grow and succeed.

■■ £2.2million of direct grant support for capital investment provided Tees Valley Business Compass, the growth to businesses during 2018, which will create and safeguard 528 hub for Tees Valley, was launched in July 2014 jobs to provide a highly visible central point for companies to access business support across CASE STUDY ■■ To date, the business grants available through the SSI Task Force Tees Valley. The Business Compass brand is now have supported 245 Tees Valley companies with working capital used for publically funded local support services, MC Ionic Solutions UK Ltd (MCIS) is an affiliate of and capital finance including Business Compass Start-Up. Mitsubishi Chemical Corporation and produces ■■ More than £66million of private sector capital investment supported The Tees Valley Investment Plan 2019-2029 formulated electrolyte, a key component of includes a £35million allocation to support lithium ion batteries which are used in electric ■■ A pipeline of new private sector investment of more than Business Growth over the next decade. The motor vehicles. £3.9billion, with the potential to create and safeguard more than Combined Authority will work to attract and 8,800 jobs support new businesses to Tees Valley, support Located in Billingham, MCIS has committed ■■ The pipeline includes a number of projects that have recently companies to introduce new products or further investment at its formulated electrolyte started, with a combined capex of £1.2billion that are projected to processes and support start-ups and the growth production facility, helping to scale and create more than 900 new jobs of new and existing businesses. configure the site to serve multiple customers, The Combined Authority will also seek to ensure as well as creating state-of-the-art research ■■ Since its launch in March 2017, the Northern Powerhouse and development capability. The investment Investment Fund (NPIF) has invested £6.9million in the region. The provision of consistent business support in Tees Valley for SMEs and large companies and look includes the construction of a sample laboratory NPIF offers a combination of debt and equity finance to local SMEs and small-scale production facility for product through three managed funds to extend or complement Tees Valley Business Compass services, particularly through sector- development, encompassing cutting-edge ■■ During the past 18 months, the overall rate of fund deployment specific support. analytical equipment for automotive customers. through NPIF has successfully exceeded the average investment The expansion was assisted with grant support, rate of previous North East funds by approximately 17% from the Tees Valley Capital Grant Scheme, to secure the investment from the Japanese parent company and will create new, sustainable jobs in the region.

10 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 11 Invest Tees Valley

Attracting new businesses and supporting our existing ones is core to how we achieve our goals to deliver economic growth and create new jobs. Invest Tees Valley is dedicated to driving inward investment, securing jobs and economic prosperity for the residents of Tees Valley. A new dedicated website has been launched to showcase what Tees Valley has to offer to potential new business.

As we continue to attract new businesses and harness our existing ones, these are just a few highlights from the year.

Quorn, Billingham and Stokesley N+P Recycling, Seal Sands SK Foods, Billingham and South Bank

In September 2018 food giant Quorn opened an expansion unit to its N+P Group has invested £12million in its first SK Chilled Foods has invested £1.7million and created an additional 30 jobs Billingham factory, making it the world’s biggest meat alternative production UK-alternative fuel production plant in Billingham in Tees Valley to keep up with a growing demand for its products. facility. The 9,500m2 factory expansion at the Belasis site will double Quorn’s which, since the summer of 2018, has been production capacity of its core products, adding around 20,000 tonnes per producing high grade “Subcoal” pellets. The The firm, which makes international snacks, sides and own-label party food year. It is part of a £150million investment by Quorn Foods, reflecting an facility will employ more than 30 people. for the UK's biggest supermarkets, has had one of the most successful years increase in flexitarian and vegan diets, and the fact that the UK is the most in its three-decade history. advanced meat-free market in the world. Subcoal pellets are produced from non-recyclable waste, which otherwise would have gone to Managing Director Jeremy Faulkner said: “In order to keep up with the The state-of-the-art facility is producing 1.33million packs of Quorn products landfill or been burnt in a waste incinerator. They demand for our products, we are investing in new infrastructure and per week, equivalent to the meat produced by 1,600 cows. The factory are used as fuel in energy-intensive industries staff. The work we recently completed to our South Bank site has further expansion builds on Quorn Foods’ strongest ever year of growth, a £7million such as in cement kilns or power plants. increased the size of that facility, enabling us to add greater capacity for investment in a Global Innovation Centre at its Stokesley headquarters, and our cooked fillings, sauces and baked products. It has also provided a new sees the company stay on track to become a billion-dollar business by 2027. Neville Roberts, managing director for the UK open-plan office space and tasting suite where we sample the products to business N&P Alternative Fuels, said the firm’s ensure they meet our exacting standards.” Tees Valley plans were an “exciting new project”.

KP Snacks, Billingham PMAC Cubic

KP Snacks in Billingham, the largest of KP’s six UK sites, celebrated its In July, Yorkshire-based waste exporter PMAC In September 2018 Stockton-based Cubic Transportation Systems 50th anniversary in the region in May 2019 by launching its £6million pellet Energy unveiled plans for a £250million waste to announced that it would be increasing headcount from 150 to 260 members production factory. The company already produces some of the nation’s energy plant at . of staff. most-loved brands, including McCoy’s and Discos, with the new facility used The move comes following a major $35million contract win in Sydney, to make Pom-Bear and Hula Hoops Puft products. The company secured 25 acres of land at the terminal, at the heart of the South Tees Australia, where Cubic will provide the technologies to help run the city’s The new 2,500m2 site has seen staff numbers grow by 25, and it now Development Corporation, and the development transport network. The support for the software will be managed from employs a total of 750 people in the region. Lee Appleby, Factory General could create up to 400 local jobs. the Stockton offices, where the team have just renewed a ten-year lease, Manager, said: “I’m proud to be leading KP Teesside during this exciting time demonstrating the company’s long-term commitment to Tees Valley. of investment and growth.” The plant will take in municipal and commercial waste and also produce Cubic manages transport across the UK and around the world 24-7. These waste fuels for export and would start include city-wide transportation projects in Chicago, San Francisco, Boston, generating power as early as 2021. New York and Sydney. It is also behind contactless travel ticketing systems such as London’s Oyster card.

12 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 13 Railway Heritage Great Place programme – Great Place Enjoying Tees Valley As 2025 nears, so does the 200th anniversary of the world’s first passenger Tees Valley train, travelling on the Stockton and Darlington Railway. As the Heritage The £1.3million Great Place Tees Valley is a Action Zone enters its second year of delivery, the past year has seen partnership project involving all five Local Enjoy Tees Valley, our destination marketing and tourism service, aims to attract visitors significant developments. Authorities, the Combined Authority and from across the UK and internationally to the region and increase the number of overnight organisations, aiming to use culture to create The programme has three main strands: a shared, positive sense of place and identity stays, driving more cash into the tourist economy. Since its launch in March 2018, across Tees Valley. highlights have included: ■■ To preserve the 26-mile track bed from Witton to Darlington to Stockton and create a heritage and nature walking and cycling route Projects in the past year include: ■■ Hosting a series of high-profile music and sporting events, including ■■ A successful bid to host a significant men’s ■■ To create a major attraction, with an outstanding centre from which to Radio 1’s Big Weekend, Take That and the National Premier League group game and team during the Rugby tell the unique story of the railway, including Locomotion No.1, and to ■■ The Middlesbrough Settlement: Mima Tennis finals League World Cup 2021 create interpretation plans to tell the story and its key components is working with residents and local organisations in North Ormesby on ■■ Attending a number of major trade and consumer shows both in the UK ■■ Producing collateral and communications, ■■ To create an exceptional 200th anniversary celebration event in 2025 projects drawing on North Ormesby’s and Europe to showcase our tourism offer, including promoting cycling including three destination marketing films heritage and walking holidays to international markets and having a presence at and monthly digital newsletter The past year has seen: the Great Yorkshire Show ■■ Real Tees Valley: Tees Valley Arts has ■■ Attracting more than 80,000 visitors to the ■■ Work completed by a Festival Development Organisation to scope brought together diverse groups of ■■ Boosting tourism in Tees Valley by promoting the area as a place to Enjoy Tees Valley website, enjoyteesvalley.com initial celebration plans young people to work with professional visit, including a new mini-guide to the area filmmakers to make a series of short films ■■ The appointment of a consultancy team to produce a masterplan for on place and identity the major attraction ■■ Creative Factory, Middlesbrough ■■ An access audit commissioned to look at plans for creation of the Council: This responds to the need in walking and cycling route Middlesbrough for artist spaces, building ■■ The appointment of a consultancy team to produce the interpretation the relationship between institutions and plans which will help tell the story of the whole 26 miles of the railway creative practitioners

48 HOURS IN As a result: ■■ 67 local artists and SMEs have been TEES VALLEY employed on projects ■■ More than 4,200 people have been involved, including 700 young people

■■ 36 artists have attended training programmes, with 30 mentoring opportunities, 30 placements and 15 community training opportunities

14 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 15 Transport PROGRESS

There have been many improvements made to our transport and Tees Valley Combined Authority has developed a draft Strategic Transport Plan in infrastructure over the past year. Here are some of the highlights: partnership with the five Local Authorities. Our transport vision is about connecting people and businesses in Tees Valley and beyond. Delivering a world-class transport ■■ A £257million programme of transport investment over the next ten years has been agreed which forms part of the Tees Valley Investment system that is fit for the future will be a critical enabler for the success of the area. Plan 2019-29

■■ Making up part of this investment fund, in 2018-19 £16.5million was secured from Government to deliver transformative transport schemes The draft proposals address issues such as the area’s strategy for cycling, The six themes in the Transport across Tees Valley walking, bus, rail and road networks and outline the following vision for the Strategy are: future of transport in Tees Valley: “To provide a high-quality, clean, quick, ■■ Major improvements at Darlington Station have been outlined with affordable, reliable and safe transport network for people and freight to ■■ National Rail £25million of Combined Authority funding committed to help deliver the move within, to and from Tees Valley.” ■■ Major Roads scheme that will provide more regular, faster local and national services At the heart of the strategy are six closely linked themes, including ■■ Connecting Economic Centres ■■ £20million committed to regenerate Middlesbrough Station challenges and how we will address them. A framework document ■■ Unlocking Key Sites underwent a period of consultation during 2017, which received generally ■■ Public consultation on a New Tees Crossing that will alleviate positive support but highlighted areas where the strategy has subsequently ■■ Local Journeys congestion and improve journey times. The consultation engaged with been strengthened. Consultation on the draft Strategic Transport Plan ■■ Delivering Social Equality and more than 4,000 residents and businesses will begin in summer 2019. Informed by these findings, the final Strategic Protect and Enhance the Local ■■ The Combined Authority is supporting a study into improving the Transport Plan will be approved in early 2020. Environment efficiency of large freight containers travelling to port facilities, removing more lorries from our roads

■■ Construction has started on the £3.37million Darlington Growth and Enterprise Zone Connectivity scheme to improve the Tees Valley Key Route Network from the A66 to Central Park Enterprise Zone and unlock growth sites

■■ Final design work has been completed and tenders issued for the £2.95million A66/A171 Cargo Fleet Roundabout improvement scheme, which will deliver a new throughabout to improve capacity as well as a new pedestrian and cycle crossing

■■ Further development of the £2million A171 Swans Corner to Flatts Lane highways improvements which will reduce congestion and provide capacity for future housing growth

■■ The continued delivery of a number of walking and cycling schemes, including the completion and opening of the new £1million Parkgate pedestrian and cyclist bridge, which links Darlington Station with the growing Central Park site

16 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 17 Education, Employment & Skills

ADULT EDUCATION BUDGET

We have now achieved full devolution of the £29.5million Adult Education Budget and we have successfully allocated the budget for delivery in 2019/20. This will increase access to learning for adults, align training to business needs, reward progression and enable second-chance training offers.

CAREERS APPRENTICESHIPS

■■ More than 600 businesses have engaged in supporting schools and ■■ In December 2018, we re-launched and colleges with careers and enterprise education across Tees Valley extended the Apprenticeship Support for Employers grant. The priority for 2019 ■■ We have engaged with all education institutions for 11 to 18 year olds is to work with employers to increase via our careers initiative, TeesValleyCareers.com apprenticeship training

■■ In September 2018 we achieved national pilot status for the Careers and ■■ As part of a broad strategy to align the Enterprise Company’s Careers Hub scheme, which helps align careers skills needs of regional employers with CASE STUDY provision and supports best practice in schools apprenticeship training, an Employer Apprenticeship Toolkit has been developed ■■ Six Careers Education Information Advice & Guidance (CEIAG) meetings to ease the way for businesses in navigating Tees Valley Combined Authority currently has four apprentices working for us. Ameer Khan joined the organisation in have been established in all boroughs for all schools including a Special apprenticeship policy reforms and funding, 2017. He had been working as a technician at Nifco but wanted a change of career. His successful online application Educational Needs & Disability (SEND) CEIAG meeting. These take place including the apprenticeship levy for an apprenticeship resulted in a position in the Investment team. After gaining experience and skills in other teams, each half term he moved into a role in Education, Employment and Skills and is nearing the end of his Level 3 qualification. Ameer said: “I have learned a lot of new skills at the Combined Authority, I really enjoy working with schools and helping ■■ 81 Enterprise Advisers engaged from more than 60 different businesses ROUTES TO WORK young people.”

■■ We hosted our annual Skills & Science, Technology, Engineering and Niamh Cooney joined the Combined Authority in summer 2018 after applying online. She wanted to work in an Maths (STEM) event for all 11 to 18 year olds in Tees Valley ■■ We have supported more than 1,300 long- office environment. Niamh is about to start her Level 3 and expects to finish her apprenticeship in around 18 months. term unemployed adults since launching the She said: “Working at the Combined Authority has been a great experience. I work on reception and love greeting ■■ Held a successful first Special Educational Needs and Disability (SEND) Routes to Work scheme in 2018-19, exceeding everyone who comes to the office. I also like that I get to meet everyone in the organisation”. Careers Fair engaging 300 students our 1,100 target Both Ameer and Niamh have now been offered full-time permanent positions at the Combined Authority. ■■ Over 100 adults have moved into employment with the support of Routes to Work

ESF CAREERS HUB

■■ Developed a plan to fully commit the £84.5million European Social Fund ■■ In 2018 the Tees Valley Careers Hub was (ESF) to help address unemployment, raise skill levels and engage with launched, consisting of 35 schools and businesses colleges across Tees Valley. It is one of 21 Hubs established nationally by the Careers ■■ The Youth Employment Initiative is part of the ESF Operational and Enterprise Company Programme: 2014 to 2020. The programme aims to support 9,000 Tees Valley residents aged 15 to 29 who are either unemployed or ■■ The Hub will support schools and colleges Not in Education, Employment or Training (NEET) towards sustainable meet the Government’s Gatsby Benchmarks, employment. We have engaged with more than 6,700 residents on the the best practice for careers education, programme, supporting 3,000 into education, employment or training which ultimately improve outcomes for young people ■■ Through the European Structural and Investment Funds 2014-2020 growth programme for England, the Tees Valley participation targets for 2018 have been exceeded, with more than 19,900 participants

18 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 19 Clean Growth

With the targeting of grand challenges by the UK’s Industrial Strategy, we have been developing our approach to clean growth. Working with local industry we are developing specific projects to exploit Government support available via the Industrial Strategy Challenge Fund. These projects are focused on further expanding our hydrogen economy offer and supporting local technology companies with expertise in this area. Research, Development and Innovation

Carbon Capture, Utilisation & Storage North East Yorkshire and Humber Local Energy Hub The Mayor and Combined Authority have continued to promote the area’s suitability to develop the UK’s first carbon capture, utilisation and storage During 2018 we established a Local Energy (CCUS) equipped industrial cluster. Hub to accelerate the development of clean energy projects in collaboration with the six This was recognised by the Oil & Gas Climate Initiative, a consortium of Local Enterprise Partnerships in the North major multinational energy companies, with an announcement in December East, Yorkshire and Humber. We now work 2018 that Tees Valley had been selected as the location for the development with Sheffield City Region, Leeds City Region, of a large-scale gas-powered energy plant and the associated CO2 capture York, and East Riding, Humber system. This clean gas project would be sized to cope with emissions from and North East LEPs and as part of a national a number of sources, providing Tees Valley with one of the first large-scale programme to share best practice and develop industrial CCUS networks in the world our own pipeline of innovative projects to This confirmed our work with our industrial partners to maintain the Teesside support our clean growth agenda. Collective as a leading cluster of energy-intensive factories, continuing to promote Tees Valley as an ideal location for projects such as this.

Hydrogen District Heating

In the past year, the first steps have been taken to position Tees Valley We have continued to develop the Middlesbrough as a leader in the UK’s hydrogen economy. Our extensive infrastructure District Energy Network. Working to establish the already produces more than 50% of the UK’s hydrogen from manufacturing partnership between Teesside University, James processes, making us a prime location for investment and low-carbon Cook University Hospital, Middlesbrough Council opportunities. and the Combined Authority has been our focus in 2018. With new advisers appointed in early We have been successful in securing £1.3million of Government funding 2019, the project is moving to a firm investment to roll out two hydrogen refuelling stations and vehicles. In collaboration decision, with construction work expected to with the Materials Processing Institute and Northern Gas Networks, these begin in 2020. low-emission vehicles could be in use from early 2020. Hydrogen has many other applications, including industrial production, fuelling transport including trains and helping to eliminate carbon emissions from heating our homes and offices. All of these could be demonstrated in Tees Valley.

20 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 21 Living in Tees Valley

At the centre of everything we do is our mission to make the lives of Tees Valley residents better. The Strategic Economic Plan recognises the importance of place in creating a vibrant, attractive and sustainable region where businesses, employers and staff want to be.

Our partners have long invested in not only upgrading town centres but also remediating former industrial sites. The challenges facing our high streets need to be addressed with new and innovative approaches. That’s why we are investing £50million in our town centres and local transformational projects.

22 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 23 Changing Perceptions in Tees Valley

June 2018 June 2018 July 2018 Tees Valley July 2018 July 2018 Bid submitted August 2018 Plans to September 2018 September 2018 October 2018 October 2018 Tees Valley free Mayor presses schools to be part of Government’s £1billion to bring Rugby League bring hydrogen trains, Take That set for Mayor launches £24million Government Tees Valley Mayor zone could create Government for post- pioneering careers cash pledge set to World Cup 2021 to Tees cars and buses to the Tees Valley £40million district investment to benefit announces UK's first over 17,500 jobs Brexit funding initiative boost Tees Valley Valley region take a step heating project in a bid the Tees Valley Special Economic Area forward to save hospital money on South Tees site on energy bills

March 2019 Tees February 2019 February 2019 February 2019 February 2019 January 2019 January 2019 December 2018 December 2018 November 2018 “We’re Valley nets national Confirmed: deal signed Top athletes get Tees Tees Valley wins Government confirms Tees Valley chosen as £588million investment New Tees Valley Mayor agrees terms ready to deliver!” Tees tennis competition off to secure half of Valley’s Great North £1.3million project £29.5million Tees Rugby League World plan to transform Tees apprenticeship funding to buy airport and 819 Valley mayor welcomes all developable land CityGames off the to bring hydrogen Valley Adult Education Cup 2021 venue Valley approved boost launched acres of surrounding “nationally significant” on former Redcar starting blocks vehicles to the region Budget land multi-billion pound energy steelworks site project

March 2019 Stobart April 2019 Tees Valley April 2019 The May 2019 May 2019 First holiday May 2019 May 2019 Combined July 2019 Passengers July 2019 Back to Group announced as to host top rugby Mayor submits a Free Tees Valley’s top flights from our airport Announcement of Authority-sponsored set to fly to Spain once the future – Teesside new partner as airport league team for 2021 Port White Paper to performing careers hub for five years take off a second season of BBC Radio 1 Big again from our airport International Airport returns to public World Cup Government, including set to expand holidays departing from Weekend sees returns ownership a Tees Valley pilot zone the airport in 2020 international music stars perform in Middlesbrough and use our airport

24 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 25 South Tees Development Corporation

The South Tees Development Corporation is the single biggest development opportunity The 4,500-acre area of prime land south of the is in the heart In the 2018 Autumn Budget, £14million in the UK. In 2018/19 significant progress was made towards its vision – to realise a world- of Tees Valley’s industrial zone. It is six times bigger than the City of was allocated to the site to help with the London, and is the first Mayoral Development Corporation outside Greater class industrial business park focused on clean energy, advanced technologies and the remediation of a specific parcel of land to London. Linked to national and international markets through river and port make it ready for investors. This takes the circular economy, to create 20,000 new jobs and contribute an additional £1billion per access, strategic road and rail connections and an international airport, total amount of funds secured from the annum to the Tees Valley economy. it represents an international-scale opportunity for large-scale business Government to £137million. investment.

Land Acquisition Investor Interest

In February 2019 a landmark deal was reached to acquire more than half of The site is attracting significant global interest and has generated more all the developable land on the South Tees Development Corporation site than 100 serious enquiries, with a potential first-phase pipeline of more than from . At 1,420 acres, it represents an area about the size £10billion. of Gibraltar. Projects already announced for the site include part of Sirius Minerals’ Negotiations to secure the 870 acres of land at the former SSI steelworks £3.2billion scheme, which will provide access to export has been ongoing with the three banks in Thailand who hold a charge over for the world’s largest Polyhalite Mine, delivered by a 23-mile tunnel and SSI UK’s assets. In April 2019 the South Tees Development Corporation conveyor system from its mine in North Yorkshire. The clean gas project led signed an executive order to commence Compulsory Purchase proceedings by OGCI Climate Investments, a consortium of six global energy giants, will to bring the land back into public ownership. be the world’s first gas-powered energy plant to deploy full-chain carbon capture, utilisation and storage at scale. Yorkshire firm PMAC is also bringing a £250million waste-to-energy plant to the area.

Also nearing completion on the site is MGT’s £650million biomass power plant, the largest of its kind in the world. This has supported 600 jobs during construction, with 100 expected during operation.

26 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 27 Teesside International Airport

THE PURCHASE THE AIRPORT

The Mayor and Combined Authority Cabinet agreed to bring Teesside Teesside International is located in the heart of the region. International Airport back into public ownership in January 2019 as part The SMART objectives for the acquisition and of the Combined Authority’s £588million ten-year Investment Plan. Within subsequent operation of the airport include: The airport acts as the region's international gateway to global markets. With multiple daily services with KLM Royal Dutch Airlines the plan, which gained unanimous approval from the Combined Authority’s ■■ The attraction of additional routes by 2022 to the award-winning Amsterdam Schiphol airport, the people of Tees Valley, County Durham, North Yorkshire and the wider North Cabinet, £40.2million was set aside to purchase an 89% stake in the airport of which: can access more than 200 worldwide destinations. This crucial connectivity is of paramount importance to the region’s prosperity, from Peel Investments Limited, including 819 acres of land. as it encourages inward investment and tourism and attracts foreign direct investment into the region. ⊲⊲ 50% are chartered In March 2019, The Combined Authority signed a joint venture agreement Tees Valley is a critical player in the North Sea oil, gas, offshore and renewables sector and, as such, is well-served by daily with Stobart Group, owners and operators of London Southend Airport, ⊲⊲ 50% are scheduled connections with Flybe and Eastern Airways to Aberdeen, the Scottish Highlands & Islands and Scandinavia. The airport also Carlisle Lake District Airport, Stobart Air and Stobart Aviation, to work in provides a growing programme of holiday charter flights in summer months with Flybe, Superbreak, Balkan Holidays and partnership on the airport’s operational and strategic future. ■■ The attraction of a low cost carrier by 2022 JetsGoHolidays.

The airport’s performance over the previous 15 years has seen it drop ■■ The increase of freight by 500 tonnes per The next developments at the airport will be to focus on business and leisure passengers, their journey experiences and the from a peak of more than 900,000 passenger movements in 2006 to the annum by 2023 product offering. As well as the airport terminal focus, the 819 acres of developable land around the airport will be taken to market present situation of just under 140,000 in 2018. As part of the agreement, to appeal to inward investment, mainly targeting logistics, warehousing, aeronautical and general business projects. Stobart Group will be responsible for the oversight and strategic ■■ The tenfold increase in passenger numbers development of the airport, and to implement the 10-Year Business Case. by 2023 of which:

As part of the agreed purchase, it was further confirmed that the planning ⊲⊲ 25% are business passengers application for 350 homes outside the airport terminal, within the 819 acres, had been withdrawn, with no future residential development on the airport ⊲⊲ 75% are recreational passengers site. ■■ Increase the propensity of Tees Valley The joint venture has led to the creation of Goosepool 2019 Ltd, the residents to fly to the national average of operating company set up by Stobart and the Combined Authority to 3.41 flights per annum oversee, review and scrutinise the operational performance against key metrics.

28 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 29 We have also: LEP Delivery Plan – ⊲⊲ Delivered a range of infrastructure improvements to unlock further development

⊲⊲ Supported almost 3,000 learners through delivering sector specific Growth Deal Update learning facilities

The Local Enterprise Partnership (LEP) is vital in ensuring that the voice of the private sector is heard. Tees Valley’s fully integrated LEP allows us to consult with the business community when it comes to local economic decision-making. Sector Champions have been appointed for each of our key economic priorities, ensuring that recognised experts have the opportunity to influence and inform the delivery of our key objectives. The LEP also supports the Combined Authority with its engagement with the wider public, voluntary and community sector.

The LEP works collaboratively with other LEPs across the country and the Tees Valley LEP has now taken on a central role in the establishment of the NP11 group of Northern LEPs, taking the role of Lead for the Energy Workstream. The national LEP network provides the opportunity to work together and influence national policy.

In 2014, the LEP was awarded a Growth Deal with Government for £118million for projects that delivered Spending Public Money Wisely on our Strategic Economic Plan (SEP). This was the first form of devolution and provided the LEP with the ability to make local decisions. We monitor and evaluate the effectiveness of all investments. Our full integration with the LEP means that one Monitoring and Evaluation It is a requirement of the LEP to report progress to date and plans for the coming year. Due to the LEP PAUL BOOTH CHAIR OF TEES VALLEY approach is used for all activity. Tees Valley is currently working closely being fully integrated with the Combined Authority, the Tees Valley Investment Plan and this Annual LOCAL ENTERPRISE with Government and SQW who are evaluating the devolution deals. This Report represents our LEP Delivery Plans. This section of the annual report sets out progress against PARTNERSHIP piece of work will ensure we can show all benefits realised through our 1 the Key Performance Indicators linked specifically to the Growth Deal . Single Pot investments and all funding streams within it.

Our Monitoring and Evaluation approach will:

TARGET: £118m LGF Investment TARGET: £150m Further Investment ■■ Measure progress and impact consistently across the country £47m in 2018/19 CURRENT FORECAST: £106m £92m of LGF has been invested to date £11.5m in 2018/19 ■■ Ensure we capture all impacts resulting from our investments £19.5m forecasted in 2019/20 £31.4m has been leveraged to date £26.7m has been invested in mechanisms other than grant £46m forecasted in 2019/20 ■■ Provide quality data to develop better business cases and inform and will therefore be returned for re-investment. £28.6m forecasted for the remainder of the programme. future decisions

■■ Maximise the economic impact of our investments

TARGET: 5,000 Jobs (Inc. Indirect) TARGET: 1,500 New Homes We are continuing to develop a strong pipeline of projects and working CURRENT FORECAST: 1,760 Direct Jobs CURRENT FORECAST: 3,094 New Homes on business cases, which will result in increased outcomes for the rest of the programme. 224 direct jobs in 2018/19 101 new homes in 2018/19 317 direct jobs to date 828 new homes delivered to date 400 forecasted in 2019/20 These figures only currently capture direct jobs. We are currently undergoing an exercise to forecast jobs for the remainder of the 1,866 forecasted for the remainder of the programme. programme and to capture all indirect jobs that contribute towards this target.

Parkgate bridge 1These targets relate to the Local Growth Fund and those output definitions only and do not reflect the full impact of our investment programme. They are also subject to change as projects progress through the business case stages and forecasts will increase.

30 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 31 WHAT’S NEXT – LOOKING AHEAD TO 2019/2020

INVESTMENT CULTURE AND TOURISM

■■ Strive for further devolution of funds for local decision-making ■■ Grow and maximise visibility of the Enjoy Tees Valley brand ■■ Accelerate delivery of our Strategic Economic Plan through our investments, expanding our asset base and using our borrowing powers ■■ On the back of BBC Radio 1’s Big Weekend and Take That, support other major events in the region including the Great North CityGames ■■ Continue to take a commercial approach, including in our assessment and management of risks ■■ Prepare for the Rugby League World Cup 2021

■■ Support project development to secure additional funding, leverage ■■ Continue to develop powerful cultural events private-sector investment and ensure the best possible economic impact from our investments ■■ Continue to deliver our Great Place – Greater Tees project with partners ■■ Explore innovative funding models to maximise direct financial return to across Tees Valley the Combined Authority for re-investment and increase co-investment with pension funds, local partners and the private sector ■■ Work with existing cultural assets to build resilience, increase engagement, strengthen connectivity and develop new activity ■■ Continue to work with Government on a replacement for European funding streams ■■ Reach rail heritage milestones including scoping the live rail element of the Stockton and Darlington Railway, the master plan for the major attraction and completion of the interpretation plans for the 26 miles The following projects will be coming forward in 2019/20: of railway ⊲⊲ Hartlepool Innovation Skills Quarter – A further extension to the creative industry quarter will see the regeneration of buildings including the Grade 2 listed ‘Shades’ building to provide further training, business and leisure space. The development of the Northern Studios will create the only dedicated film and television BUSINESS GROWTH studios and production base in the North East with associated infrastructure, high value equipment and emerging technology ■■ Increase targeted marketing promoting Tees Valley’s key sectors to new ⊲⊲ Making Middlesbrough the Digital City – Further expansion investors including through the Invest Tees Valley website and brand of the Boho Zone in Middlesbrough to support the growth of the digital sector by providing grow-on space through the ■■ Support the South Tees Development Corporation in securing new development of Boho 10 investment in line with the master plan to create a world-class industrial park ⊲⊲ Northern School of Art (Further Education site) Relocation – One of only two such Arts FE Colleges in the whole of England, ■■ Promote and support new growth opportunities at Teesside International this project is to deliver a new purpose-built facility for the Airport specialist college to realise its growth plans and, as a key asset in Tees Valley, contribute to the wider economic growth and ■■ Increase the take-up of business support for SMEs through Tees Valley regeneration of its location Business Compass ⊲⊲ A689 Wynyard Improvements – The overall scheme will deliver a package of improvement measures along the A689 corridor to ■■ Launch a £35million business support scheme to help enable growth improve capacity, journey time reliability and facilitate housing aand development and business growth. It includes junction improvements, a new pedestrian/cycle bridge over the A19 and an ambition for a third lane on the A19 interchange

32 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 33 WHAT’S NEXT – LOOKING AHEAD TO 2019/2020

EDUCATION, EMPLOYMENT AND SKILLS TRANSPORT & INFRASTRUCTURE

■■ Work with providers to deliver the devolved Adult Education Budget, ■■ Continue to develop and transform Teesside International Airport, establishing provision linked to businesses’ need implementing the 10-Year Business Plan, increasing passenger numbers and securing new routes ■■ Extend TeesValleyCareers.com offer to primary schools and engage a further 500 businesses ■■ Progress the development of a wider range of Year One schemes in the Transport Investment Programme ■■ Continue delivery of the Routes to Work programme and gather an evidence base to shape future policy ■■ Prepare an outline business case for the Darlington Station 2025 master plan scheme and Middlesbrough Station capacity enhancement scheme ■■ Work with Tees Valley Apprenticeship Levy-paying employers to fully utilise their opportunity of transferring 25% of their levy to other ■■ Continue to develop the business case for the New Tees Crossing businesses scheme, including analysis of public consultation feedback, the preferred route announcement and submission of the outline business ■■ Implement the Skills Advisory Panel, taking the shape of the Tees Valley case Education, Employment and Skills Partnership Board, to strengthen the link between public and private sector employers, Local Authorities, ■■ Submit the outline business case for the Darlington Northern Link Road colleges and universities scheme

■■ Launch the Education, Innovation and Collaboration fund with the aim of ■■ Develop a preferred option for the Northallerton-Middlesbrough gauge supporting schools and improving outcomes for young people enhancement scheme, which will support the ongoing development of rail freight in the Tees Valley

RESEARCH, DEVELOPMENT AND INNOVATION

■■ Deliver hydrogen refuelling stations and an initial vehicle fleet

■■ Secure Tees Valley as lead net-zero carbon cluster candidate

■■ Secure Industrial Strategy Challenge Funding for projects to decarbonise our industrial base, including hydrogen production

■■ Secure the region’s position as the demonstration centre for hydrogen for heat and rail

■■ Deliver investment in the Middlesbrough district heating network

■■ Deliver our first clean energy projects

34 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 35 Financial Report 2018-2019

Comprehensive Income and Expenditure Statement In the past year significant progress has been made towards delivering the investment for the year ended 31 March 2019 plan. The chart below represents the values in the accounts for each investment theme.

£000s £000s £000s In January 2019, cabinet approved a new £588million Investment Plan covering 2019 - 2029 which set out, at a high level, the transformational investments that the Combined Theme Expenditure Income Net Authority will commit resources to. Future reports will set out financial progress against Business Growth 9,425 (4,461) 4,964 the delivery of this plan. Research Development Innovation & Energy 14,709 (14,166) 543 Education Employment & Skills 5,347 (2,075) 3,272

Culture 4,626 (1,375) 3,251

Transport 28,617 (19,095) 9,522

Enabling Infrastructure 4,823 (483) 4,340 PROJECT Project Development 4,020 (1,468) 2,552 DEVELOPMENT Core Running Cost 7,852 (6,266) 1,586 £4M BUSINESS GROWTH Concessionary Fares 16,756 (16,756) - £9.4M ENABLING SSI Related Schemes Not in the Investment Plan 1,567 - 1,567 INFRASTRUCTURE £4.8M Place 1,250 - 1,250 RESEARCH DEVELOPMENT Not Directly Attributable to Themes - (12,460) (12,460) & ENERGY £14.7M Cost Of Services 98,992 (78,605) 20,387

Other Operating Expenditure: TRANSPORT EDUCATION, Net interest on the net defined benefit liability/asset 205 (160) 45 £28.7M EMPLOYMENT Interest Receivable and Similar Income - (760) (760) & SKILLS £5.3M

Taxation and Non-Specific Grant Income: Taxation - (119) (119)

CULTURE £4.6M Capital Grants and Contributions (6,922) (6,922)

(Surplus) or Deficit on Provision of Services 99,197 (86,566) 12,631 Re-measurements of the Defined Benefit Liability (283)

Other Comprehensive Income and Expenditure (283)

Total Comprehensive Income and Expenditure 12,348 (Surplus) or Deficit on Provision of Services - Minority Interest Share 258

36 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 37 Financial Report 2018-2019

Group & TVCA Balance Sheet as at 31 March 2019

31 March 2019 31 March 2018 £000s £000s

Non-Current Assets Property, Plant and Equipment 27,310 - Investment Property 5,388 Intangible Assets 19,388 - Long Term Debtors 8,582 6,448 Total Non-Current Assets 60,668 6,448 Current Assets Short Term Investments 27,500 65,000 Inventories 196 - Debtors 15,475 5,060 Cash and Cash Equivalents 5,034 27,426 Total Current Assets 48,205 97,486 Current Liabilities Short Term Creditors (15,845) (5,378) Total Current Liabilities (15,845) (5,378) Long Term Liabilities Long Term Creditors (2,512) - Other Long Term Liabilities (2,512) (2,051) Provisions (1,940) Total long term liabilities (6,964) (2,051) Net Assets: 86,064 96,505 Reserves Usable Reserves: General Fund Balance 1,284 1,033 P&L Reserve (4,479) - Earmarked General Fund Reserves 56,480 50,313 We would like to thank all the committees and groups who Capital Grants Unapplied 35,425 47,432 work with Tees Valley Combined Authority to deliver our 88,710 98,778 objectives. These include: Unusable Reserves: Pensions Reserve (2,512) (2,051) ■■ Audit and Governance Committee Minority Interest 305 - ■■ Overview and Scrutiny Committee Capital Adjustment Account (273) - ■■ Transport Committee Accumulated Absences Account (166) (222) ■■ Local Enterprise Partnership Board (2,646) (2,273) ■■ And the other panels, officer and advisory groups

Total Reserves: 86,064 96,505

38 Annual Report 2018/19 | Tees Valley Combined Authority Tees Valley Combined Authority | Annual Report 2018/19 39 www.teesvalley-ca.gov.uk [email protected]

@TeesValleyCA